Brazil's credit quality s to pre-crisis levels

13:17, April 20, 2010      

Email | Print | Subscribe | Comments | Forum 

Brazil's credit quality has returned to pre-crisis levels, said a report released by the consulting company Serasa Experian on Monday.

The Serasa Experian indicator of the quality of the credit to consumers grew up 0.7 percent in the first quarter of 2010 compared with the previous quarter, said the report.

It reached 79.2 points, returning to the level registered in 2008, when the global financial crisis had not yet affected Brazil, said the report.

It was the second consecutive rise in the quarterly quality of credit figures, which reached a record low in the third quarter of 2009.

According to the report, the recent improvement of the country's credit quality is largely due to the recovery of the job market. The country's economy generated 995,000 jobs in 2009 and a record high of 657,200 jobs in the first quarter of 2010.

The rise should also be attributed to the fall of the interest rates during the second half of last year, which made financing operations become more accessible to people.

The indicator goes from zero to 100. The higher the value, the better the credit offered in the country.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion